The Annual Meeting of Stockholders (the "Annual Meeting") of First South Bancorp, Inc. (the “Company”) was held Thursday, May 26, 2011 at 11:00 a.m. eastern time, at the main office of First South Bank (the "Bank") located at 1311 Carolina Avenue, Washington, North Carolina.

The stockholders eligible to vote at the Annual Meeting were those stockholders of record as of April 1, 2011. A certified list of stockholders eligible to vote at the Annual Meeting indicated there were 9,751,271 votes entitled to be cast at the Annual Meeting, of which 3,250,424 votes represents a quorum. A total of 7,709,856 votes, representing 79.1% of the votes eligible to be cast, were present in person or by proxy at the Annual Meeting, constituting a quorum.

The purpose of the Annual Meeting was for considering and acting upon the following four matters: the election of two directors of the Company to serve three-year terms; to ratify the appointment of Turlington and Company, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2011; the approval of a non-binding advisory vote on executive compensation; and the approval of a non-binding advisory vote on the frequency of stockholder voting on executive compensation.

The following is the results of the voting for each the four matters presented:

1.

The election of two directors:

Broker

For

Withheld

Non-Vote

Charles E. Parker, Jr.

Number of votes

4,772,179

207,618

2,730,059

Percent of votes cast

95.8

%

4.2

%

Marshall T. Singleton

Number of votes

4,798,163

181,634

2,730,059

Percent of votes cast

96.4

%

3.6

%

2.

The ratification of appointment of Turlington and Company, LLP as Independent Registered Public Accounting Firm:

For

Against

Abstain

Number of votes cast

7,572,348

63,464

74,044

Percent of votes cast

99.2

%

0.8

%

3.

The approval of a non-binding advisory vote on executive compensation:

Broker

For

Against

Abstain

Non-Vote

Number of votes cast

4,644,476

295,076

40,245

2,730,059

Percent of votes cast

94.0

%

6.0

%

4.

The approval of a non-binding advisory vote on the frequency of stockholder voting on executive compensation:

Three

Two

One

Broker

Years

Years

Year

Abstain

Non-Vote

Number of votes cast

3,786,432

85,973

954,268

97,723

2,785,460

Percent of votes cast

78.4

%

1.8

%

19.8

%

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized

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